Report: Manufacturing, Agriculture Record fastest Increase in Production Cost in January
The report also showed that the headline PMI declined to 53.5 in January 2023 from 54.6 in December 2022 even though employment increased during the month under review at its fastest rate since June 2018.
“The latest rise was the weakest in five months. Demand continued to improve, but some firms reported a moderation in customer numbers. Activity increased across each of the four broad sectors covered by the survey.
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